B enson Oak Capital recently announced a deal to exit Plastkov through the sale of its automotive holdings to Megatech. The sale, whose price is not known, includes three portfolio companies in the automotive injection molding business: Plastkov MR a.s., Plastkov Automotive s.r.o., and BTV Plast s.r.o.
Benson Oak originally acquired the Plastkov holdings in 2007 and 2008, merging them to produce one of the Czech Republic’s largest injection molding operations.
Plastkov (www.plastkov.cz)
The Plastkov Group operates metal stamping and injection molding facilities producing products mainly for the automotive industry in Central and Eastern Europe.
As one of the largest operations of its kind in the region, Plastkov projects 2009 sales to be in excess of CZK 1.4 billion.
The group’s three sites are located in Hlinsko, Jablonec nad Nisou, and Liberec.
Megatech Industries (www.megatechindustries.com)
Megatech is an automotive parts and components supplier for customers across Europe. In addition to being a supplier, the company also develops and produces systems and modules for both passenger and commercial vehicles.
2009 turnover has been projected to be near CZK 2.1 billion, combined from operations in Brazil, France, Germany, Spain, and Romania.
Benson Oak Capital (www.bensonoak.com)
Benson Oak is a Prague-based investment banking firm established in 1991. The company specializes in assisting clients with equity capital and executing mergers and acquisitions. Benson Oak advises in risk management, project financing and privatization. The firm works in the Czech and Slovak regions with both multinationals and small-to-medium companies.
Its private equity arm, Benson Oak Capital, provides equity financing for buyouts, expansion capital, and special opportunities in the Czech Republic and Slovakia. Benson Oak Capital has made investments since 2001.
Backed by a long list of international investors, Benson Oak has invested some €90 million in a variety of different sectors, focusing on small and medium-sized business. Benson Oak typically seeks a controlling stake in exchange for financing between €5 million and €30 million per project.
